Live Zinc Prices
| Last | Change | % |
|---|---|---|
| 252.25 | +0.05 | +0.02% |
| High | Low |
|---|---|
| 253.40 | 250.60 |
TECHNICAL SIGNAL BUY & SELL
| 5 Min Signal | 1 Hour Signal | 1 Day Signal |
|---|---|---|
| Sell | Sell | Buy |
MOVING AVERAGES
| Period | MA 20 | MA 50 |
|---|---|---|
| 5 Minutes | 252.49 | 252.50 |
| 1 Hour | 252.15 | 254.47 |
| 1 Day | 267.07 | 263.37 |
| 1 Week | 251.25 | 233.79 |
TECHNICAL RESISTANCE LEVEL
| Resistance 1 - R1 | Resistance 2 - R2 | Resistance 3 - r3 |
|---|---|---|
| 253.53 | 255.00 | 256.33 |
TECHNICAL SUPPORT LEVEL
| Support 1 - S1 | Support 2 - S2 | Support 3 - S3 |
|---|---|---|
| 250.73 | 249.40 | 247.93 |
Disclaimer – Live prices displayed here are for informational purposes only. We cannot guarantee accuracy. Please do your own research before making any financial decisions.
Today MCX Zinc Price
MCX Zinc refers to the zinc contract traded on the Multi Commodity Exchange of India Ltd (MCX), one of the largest commodity exchanges in India. The current MCX Zinc Price/Rate is ₹247.45.
Zinc is a widely used base metal in industrial applications. It is primarily used in the manufacturing of galvanized steel, alloys, and chemicals. The price of Zinc in the MCX market is determined by the demand and supply factors. It always fluctuates in the trading market. the zinc price quoted on the Multi Commodity Exchange as the MCX zinc price, which is ₹247.45.
Factors that affect Zinc Price?
The price of zinc is influenced by many factors, both fundamental and market-related. Here are some of the key factors-
- Demand and Supply Dynamics: Demand and Supply play a fundamental role in determining the zinc price. production levels, closures or openings of zinc mines, disruptions in production due to labour strikes, changes in government policies, etc affect the supply and demand side, industrial activity, construction, infrastructure development, and the manufacturing sector.
- Global Economic Conditions: Zinc price is closely related to global economic conditions as we know zinc is one of the most used metals in industrial applications. Strong economic growth increases the demand for zinc for construction, automotive manufacturing, and consumer goods production. Likewise, economic downturns lower the price of zinc.
- Currency Exchange Rate: Zinc is traded globally. Hence changes in the currency exchange affect the price of zinc. If there is a fluctuation in the exchange rate of the Indian rupee and other foreign currencies, it will impact the cost of zinc for buyers and sellers in different regions. A weaker domestic currency relative to the USD may make zinc more expensive for buyers.
- Inventories and Stockpiles: The Inventories and Stockpiles of zinc in the warehouse affect the price of it. When there is declining inventory in the market, it means tightening supply conditions and leading to upward price pressure.
- Geopolitical Events and Trade Policies: Geopolitical tensions, trade disputes, and changes in trade policies also affect the zinc price.
Why invest in Zinc?
Zinc is an important metal used at the global level. It is good to invest in zinc for the following reasons-
- Industrial Demand: Zinc is an important metal required in various industries, including construction, automotive, and infrastructure, ensuring consistent demand.
- Infrastructure Growth: When there is an increase in the Infrastructure project globally, it increases the demand of price in galvanization means higher prices.
- Corrosion Resistance: Zinc has Corrosion Resistance properties which make it indispensable for protecting steel from rust. It extends the lifespan of infrastructure and equipment.
- Portfolio Diversification: Investing in zinc provides diversification benefits. It reduces the overall investment risk by adding exposure to a non-correlated asset class.
Frequently Asked Questions:-
MCX Zinc refers to zinc traded on the Multi Commodity Exchange of India (MCX). It is a base metal used in various industries and traded in units of metric tons.
The price of MCX Zinc is influenced by global zinc prices, supply and demand, currency fluctuations, and macroeconomic factors. Additionally, industrial usage and geopolitical events also play a role.
The trading hours for MCX Zinc on the MCX exchange typically start from 9:00 AM and continue until 11:30 PM IST (Indian Standard Time) on weekdays. Hours may vary on public holidays.
To start trading MCX Zinc, you need to open a trading account with a registered commodity broker. Once you have an account, you can place buy and sell orders based on your analysis.
MCX Zinc contracts have specifications such as a contract size of 5 metric tons, a tick size of 5 paise, and a maximum allowable price fluctuation limit set by the exchange.
Risks include market volatility, price fluctuations, and potential losses. It’s essential to use risk management strategies such as stop-loss orders.
Yes, there is a minimum margin requirement set by the MCX exchange. This margin acts as a security deposit for potential losses during trading.
The tax implications vary depending on your country and tax regulations. In India, gains from trading MCX Zinc may be subject to capital gains tax or business income tax.
Yes, you can hold MCX Zinc contracts overnight. Be aware of potential overnight margin requirements and possible price changes during non-trading hours.
Common strategies include technical analysis (using charts and indicators), fundamental analysis (considering economic data and news), and arbitrage (capitalizing on price differences across markets). Always perform due diligence before trading.